Kenyan court issues Sh2.996bn attachment warrant against Bank of Baroda over industrial park dispute
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A Kenyan court has issued a warrant of attachment against Bank of Baroda's movable property after entering judgment in favour of Infinity Industrial Park over a stalled warehouse development in Njiru, Nairobi.
The High Court's Commercial and Tax Division has entered judgment in favour of Infinity Industrial Park against Bank of Baroda, and on September 15, 2026 issued a warrant of attachment against the lender's movable and attachable property to recover Sh2,996,003,000.
The decree, issued on September 1, 2026, followed proceedings before Justice Peter Mulwa, according to court records. The warrant, signed by Deputy Registrar Stellah N. Sagwe of the Milimani High Court Commercial and Tax Division, puts the amount due at Sh2.996 billion, comprising the decretal sum, Sh1,500 in further costs and a Sh1,500 collection fee.
Infinity Industrial Park had sued the bank over land known as LR No. 31978 (Original No. 11522) in Njiru along the Eastern Bypass. It sought a permanent injunction to stop the lender from selling or otherwise dealing with the property, and orders compelling the bank to approve a Sh650 million development loan for a second cluster of 50 warehouses, or alternatively to release a further 15 acres so the company could obtain financing elsewhere.
The developer alleged that delays by the bank in releasing land documents and portions of the project land affected the development and sale of warehouses and serviced industrial plots, and that the delays — compounded by Covid-19 and an election year — caused significant losses and disrupted cash flows. Court records show the company subsequently withdrew most of its prayers through a notice of withdrawal dated August 6, 2026, which the court allowed and adopted. The withdrawn prayers included injunctions, additional financing, release of land, declarations of breach of contract, a further 15-month moratorium, relief on credit reference bureau listings and general damages.
The court nevertheless entered judgment for special damages. Moran Auctioneers of Nairobi has been directed to attach movable property sufficient to satisfy the outstanding amount and the costs of attachment, and to sell the attached property by public auction after giving the required 15-day notice and completing the proclamation process. The warrant is to be returned to court by October 15, 2026 with an endorsement showing how it was executed or why it could not be.
The attachment is in execution of the decree in HCCOMM No. E322 of 2024. The case places Bank of Baroda at risk of having movable assets attached and sold if the decretal amount remains unpaid, subject to any further orders or proceedings before the court.